The economy is tanking. We recommend two America First precious metals companies. Our Gold Guy delivers personal service with no gimmicks. JD GoldCo offers a wide array of products. You can’t go wrong with either (or both).
In 1939, Germany had a GDP of nearly $400 billion, having surpassed the USSR to make it the second most powerful economy in the world, behind the US. In 1946, following years of war, Germany’s GDP had dropped to just $160 billion, lower than the UK and France. Food production had been reduced by 50 percent, housing stock by 20 percent, and industrial output by 33 percent.
Yet by 1955, German GDP was back near $400 billion, once again overcoming that of the UK. Industrial output had quadrupled by 1958 with a steady rate of growth of about 8 percent each year throughout the 50s.
This “economic miracle” is commonly referred to as die Wirtschaftswunder. But how did Germany go from rubble to riches in just a decade while neutral countries like Spain merely treaded economic water? If you ask your average American history student, they will say the Marshall Plan, of course!
The Marshall Plan as Propaganda
Unfortunately, the ubiquity of the myth that the Marshall Plan rebuilt Germany is proof that state-controlled education favors propaganda over economic literacy. Despite the fact that most modern historians don’t give the Marshall Plan much credit at all for rebuilding Germany and attribute to it less than 5 percent of Germany’s national income during its implementation, standard history textbooks still place it at the forefront of the discussion about post-war reconstruction.
Consider this section from McDougal Littell’s World History (p. 968), the textbook I was given in high school:
“This assistance program, called the Marshall Plan, would provide food, machinery, and other materials to rebuild Western Europe. As Congress debated the $12.5 billion program in 1948, the Communists seized power in Czechoslovakia. Congress immediately voted approval. The plan was a spectacular success.”
Of course, the textbook makes no mention of the actual cause of the Wirtschaftwunder: sound economic policy. That’s because, for the state, the Marshall Plan makes great statist mythology.
Not only is it frequently brought up to justify the United States getting involved in foreign conflicts, but it simply gives support for central planning. Just look at the economic miracle the government was able to create with easy credit, they say.
And of course, admitting that the billions of dollars pumped into Germany after WWII accomplished next to nothing, especially when compared to something as simple as sound money, would be tantamount to admitting that the government spends most of its time making itself needed when it isn’t and thereby doing little besides getting in the way.
Don’t wait until food shortages get REALLY bad before stocking up. Get a three-month’s supply now while it’s still available.
The Inconvenient Truth of Currency Reform
You are unlikely to find the real cause of the Wirtschaftwunder mentioned in any high school history textbook, but here is what it was. In 1948, the economist and future Chancellor of West Germany Ludwig Erhard was chosen by the occupational Bizonal Economic Council as their Director of Economics. He went on to liberalize the West German economy with a number of good policies, the most important being currency reform.
The currency in Germany immediately after WWII was still the Reichsmark, and both the Nazis and then the occupying Soviet authorities had increased the amount in circulation significantly. As a result, by 1948 the Reichsmark was so worthless that people had turned to using cigarettes and coffee as money.
To give people a true store of value so that they could calculate economic costs accurately, assess risk and invest in the future, Erhard created the Deutsche Mark, West Germany’s new currency. Like ripping off a bandaid, he decreased the money supply by 93 percent overnight.
It’s also worth noting that while Erhard, following his school of Ordoliberalism, did form a central bank, it was at least designed independent from the government and followed a hard-money policy (preserving a stable amount of money) through the length of the Wirtschaftswunder. In fact, the original Bank Deutsche Länder was rather limited in scope until it was reorganized as the considerably more centralized Bundesbank in 1957, incidentally when Germany’s economic miracle began to lose steam.
Other notable liberal policies instituted by Erhard included removing all price controls and lowering taxes from the Nazis’ absurd 85 percent to 18 percent. The American occupational authorities opposed these reforms, but Erhard went through with them anyway. This liberalization had an immediate effect. The black market disappeared almost overnight, and in one year, industrial output almost doubled.
Perhaps most poignantly, unemployment dropped from more than 10 percent to around 1 percent by the end of the 1950s. Normally the government tries to justify currency manipulation as a means to eliminate unemployment, but the Wirtschaftwunder is evidence that sound money does the job far better.
Okay, So What?
So what can the truth of the Wirtschaftswunder teach us, other than that the government prefers promoting itself over real economic education? As politicians increasingly destroy our economies with inflationary monetary policy while simultaneously trying to convince us that these very policies are the only way to save us, the lessons of post-war Germany only become more relevant.
What I’ve always taken away primarily is the simplicity and speed of the Wirtschaftswunder. While the Federal Reserve debates endlessly whether to raise rates and how much, our economy becomes increasingly weighed down by miscalculated investments, rising prices, and stagnating wages. The wealthy regulators with their hands on the money printer may make these seem like complicated problems, but look at how the post-apocalyptic economy of post-war Germany healed in mere months under sound money, deregulation, and low taxes.
Will our politicians and central bankers ever admit such a simple cure? As long as they can hide it from us, I doubt it.
Calories = Survival. Buy 364,720 Calories of delicious food today. Heck, buy two.

Christian Monson
Christian Monson is a writer and journalist covering subjects from motorcycles and guns to economics and European history. You can see more of his work at ChristianMonson.com.
This article was originally published on FEE.org. Read the original article.
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker
Buy precious metals to protect your wealth. Pick your style: JD GoldCo offers options. Our Gold Guy has no frills.
Working online from home and earns more than $15,000 simply doing easy work. last month i have made and received $17915 from this job by doing easy work in part time. i am now a good online earner and without having any kind of special skill i made this income. actually this job is so easy to do and regular income from this is much better than other regular office jobs where you have to face your boss. be free and work whenever you want. USA citizens can now get this job and earns more dollars by go to this web….. http://webwork01.cf/
After the collapse and breakup of the US, the sane (IOW, conservative) new republics that arise will flatly prohibit the creation of central banks.
I’m earning 85 dollars/h to complete some work on a home computer… I not at all believed that it can be possible but my close friend earning $25k only within four weeks simply doing this top NVUM task as well as she has satisfied me to PAY… Check further details by reaching this site
…>>>>>> http://topeasywork.blogspot.com/
I know you read many news comments and posts to earn money online jobs. Some people don’t know how to earn money and are saying to fake it. You trust me.sdss I just starteded this 4 weeks ago. I’ve got my FIRST check total of $850, pretty cool. I hope you tried it. You don’t need to invest anything. Just click and open the page to click the first statement and check jobs…. https://worktips92.blogspot.com